Question

General Question-

Can someone recommend supply Chain strategies or Methodology for Process improvement for luxury Brand- Hermes??

Please share if u have any knowledge in the topic.

Appreciate it and will be rated.

Answer 1

Flexibility in the reaction timing is viable when a firm is able to manage data & get info fast. Procuring & scrutinizing info at every phase of the supply chain enables fashion brands like Hermes the possibility of more accurate decision-making, as well as augments the efficacy at every level. Firms are becoming more & more de-centralized /globalised. And, the only way to save all of the info which these teams manage, and to improve work flow among teams, is via the cloud mechanism. Being able to identify customer requirements ahead of time is essential, & the way Hermes can do this is by measuring & supervising its merchandise launch campaigns/ collection exhibitions . It can take a step further & utilize an Enterprise Resource Planning system that enables it to control its inventory & sample collections.

By utilizing sample tracking instruments , Hermes can assess the popularity of an article by noticing which looks were requested the maximum by press / stylists, & forecast the demand for each article before the complete collection is introduced in the market. This will enable more accurate estimates of production requirements, lessening probable losses & optimizing resources.

Another determinant which is urging alteration to the supply chain system is the demand for quality / transparency, due to a conscientious / socially responsible customer-base. Hermes must work on methods to take better advantage of supplies , from the initial sourcing phase to the development of the final product & also work on obtaining sustainability via technology.